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Bouygues News

07 Sep 2021

Ørsted, ATP Picks Leading Contractors for Danish Energy Island Bid

Illustration: Danish Energy Agency

Denmark-based offshore wind developer Ørsted and ATP, Denmark’s largest institutional investor, have teamed up to bring leading offshore construction specialists to Denmark to support their bid for the North Sea energy island.Back in February, Denmark approved the construction of the first of its kind wind energy hub in the North Sea that promises to produce yet unseen amounts of green electricity, in what has been described as the largest construction project in Danish history.The…

31 Oct 2019

Boskalis Consortium to Develop French Port

A consortium led by Boskalis Nederland and Bouygues Travaux Publics has won a contract from the Occitanie/Pyrenees-Mediterranee region of France for the expansion of Port-La-Nouvelle in the south west of the country that will lead to offshore wind development.The expansion will enable the port to accommodate the construction and assembly of pilot floating wind farms planned off the coast of Occitanie, Bouygues Travaux Publics said.The total value of the project amounts to EUR 199 million, for an overall project cost of EUR 237 million, forming part of the Region’s programs for construction and coastline development.When completed, the port of Port-La-Nouvelle will provide a draft of 14.5 meters…

23 Oct 2014

Ocean Installer Enters Australian O&G Market

Normand Vision & Normand Mermaid.

Ocean Installer’s said that it has established office in Perth, Australia to meet demand for subsea construction services. “This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy. The Asia Pacific- and Oceania region represent significant growth opportunities in the years ahead,” said Steinar Riise, CEO, Ocean Installer. Ocean Installer recently hired Bijan K. Mahapatra to lead the office in Australia. Mahapatra has more…

11 Jul 2014

Second Ivory Coast Container Port: Consortium Gets Cash

Banque Atlantique, SocGen and Afreximbank have raised 200 million euros (US$272.81 million) to start a second container terminal at Abidjan port in Ivory Coast [West Africa], a banking spokesman said on Thursday. The new terminal contract, awarded to a group led by France's Bollore last year, should boost capacity at one of Africa's busiest ports - a gateway for landlocked nations to the north and a transit point for beans from the world's top cocoa grower. Port traffic is booming and total tonnage surpassed 21 million tonnes in 2013. Banque Atlantique has raised 100 million euros and Societe Generale and Afreximbank gave 50 million euros each, Souleymane Diarrassouba, director general of Banque Atlantique, told Reuters. His bank is a subsidiary of Banque Populaire du Maroc.

10 Jul 2014

Funds Secured for 2nd Abidjan Container Port

Banque Atlantique, SocGen and Afreximbank have raised 200 million euros ($272.81 million) to start a second container terminal at Abidjan port in Ivory Coast, a banking spokesman said on Thursday. The new terminal contract, awarded to a group led by France's Bollore last year, should boost capacity at one of Africa's busiest ports - a gateway for landlocked nations to the north and a transit point for beans from the world's top cocoa grower. Port traffic is booming and total tonnage surpassed 21 million metric tons in 2013. Banque Atlantique has raised 100 million euros and Societe Generale and Afreximbank gave 50 million euros each, Souleymane Diarrassouba, director general of Banque Atlantique, told Reuters. His bank is a subsidiary of Banque Populaire du Maroc.

20 Jun 2014

France Picks: GE is the One for Alstom

France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company. Economy Minister Arnaud Montebourg said he had used a newly- created state decree to reject both of the existing offers as not being in France's strategic interest, and had formulated fresh demands to GE Chief Executive Jeff Immelt. The decision ended weeks of suspense surrounding one of Europe's fiercest industrial battles in years, but left open major questions about the final shape of an alliance which GE hopes will give it access to new power markets.

16 Jun 2014

Siemens, Mitsubishi Challenge GE with Alstom Offer

Germany's Siemens and Japan's Mitsubishi Heavy Industries presented a joint offer to France's Alstom on Monday that included 7 billion euros ($9.5 billion) in cash, challenging a bid by General Electric. Under the deal, Siemens offered to buy Alstom's gas turbines business for 3.9 billion euros in cash, and MHI to buy stakes in Alstom power assets including hydroelectric power equipment and grid, to be held in separate joint ventures. MHI would inject 3.1 billion euros in cash into Alstom and offer to take a stake of up to 10 percent in the French firm from shareholder Bouygues. "Alstom would remain an independent energy and transport player with a strong brand," Siemens Chief Executive Joe Kaeser said. Alstom said it would review the proposal in the coming days.

12 Jun 2014

Mitsubishi Mulls Stake in Alstom

Nuclear steam turbine rotor (Photo: Alstrom)

Japan's Mitsubishi Heavy Industries is considering taking a direct stake in French engineering group Alstom as part of an offer with Germany's Siemens, two French newspapers said on Thursday. Financial daily Les Echos said Mitsubishi is considering buying part of French Bouygues's 29 percent stake in Alstom and would also buy Alstom's steam turbines while Siemens would take over its gas turbines. At a later stage, after an expected offer for Alstom on June 16, Siemens would contribute its transport assets to Alstom…

01 Jun 2014

Bilfinger Wants Speedy Sale Of Construction Unit

German engineering and services group Bilfinger aims to sell its civil engineering division quickly and, at the same time, is open to acquisitions abroad, the chief executive of the company was quoted as saying on Saturday. The company is accepting expressions of interest and preparing the unit for sale, CEO Roland Koch told newspaper Die Welt, confirming a story published by Reuters on Friday. "We just launched the process," he said. Bilfinger wants to wean itself off a business model vulnerable to price wars in the building sector and focus on providing higher-margin engineering and services for industrial facilities, power plants and real estate. The company said earlier in May that it aimed to exit certain parts of its construction activities.

27 Apr 2014

Siemens And France Weigh In As GE Eyes Alstom Deal - Update

Siemens and the French government intervened in General Electric's plan to buy the power arm of Alstom on Sunday with an alternative European "champions" tie-up proposal and a pledge to act inFrance's national interest. Though French trains-to-turbines maker Alstom is privately owned, firebrand Economy Minister Arnaud Montebourg issued a stark reminder of the influence the government holds over a company that relies heavily on orders from state rail operator SNCF and partly state-owned utility EDF. "GE and Alstom have their calendar, which is that of shareholders, but the French government has its own, which is that of economic sovereignty," Montebourg said in a statement, providing the first official confirmation of GE's offer.

27 Apr 2014

Siemens Weighs In As GE Prepares Alstom Power Deal

Alstom's arch rival Siemens wants talks with the struggling French engineering group, the German company said on Sunday, the day General Electric boss Jeff Immelt is due in Paris to thrash out a deal to buy Alstom's global power arm. Siemens said in a statement that it had written a letter to "signal its willingness to discuss future strategic opportunities" with the French group. France's government has said it wants to find alternatives to the GE offer, which sources say puts a value of $13 billion on the turbines and power grid equipment business and could be announced in days. Economy Minister Arnaud Montebourg said last week that he plans a meeting with Immelt.

26 Apr 2014

GE In Talks To Buy Alstom's Power Arm

U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder, French conglomerate Bouygues with 29 percent, and could be announced in the coming days after an Alstom board meeting on Friday afternoon. The board was due to meet again on Sunday to discuss the transaction, French daily Le Figaro said. "Talks are going ahead swiftly, the deal's structure is defined and everything is almost ready," one of the sources said. Alstom Chief Executive Patrick Kron confirmed to union representatives there were talks about an "industrial deal," but did not name GE.

25 Apr 2014

GE in talks to buy Alstom's global power arm-sources

General Electric is in talks with Alstom to take over its global power business and a deal could be announced in the coming days, two sources familiar with the matter said on Friday. No price tag was given for the deal, which could be announced in the coming days, according to the sources. The power business accounts for nearly three quarters of Alstom's 20.3 billion euro revenue. One of the sources said the approach was initiated by Alstom and that its top shareholder Bouygues - which has a 29 percent stake - backed the proposed deal. Alstom declined to comment. Bouygues could not immediately be reached for comment. Reporting by Matthieu Protard, Benjamin Mallet; and Natalie Huet

12 Apr 2014

French foreign minister meets Raul Castro on historic visit to Cuba

France's foreign minister met with Cuban President Raul Castro on Saturday during the first visit to the island by such a high-ranking French official in 31 years and a sign of the quickening pace of improving ties between the European Union and Havana. Laurent Fabius said he discussed politics, human rights, market-oriented reforms in Cuba and bilateral relations in what he characterized as "a long conversation" with Castro. "We want to push forward our relations in the areas of culture, education, economics and politics," Fabius, a former prime minister, told reporters at the end of a one-day visit to the communist-run Caribbean country. "Of course, we have different points of view on certain issues, which doesn't stop us from exchanging perspectives and moving forward," he said.

25 Mar 2013

Second Ivory Coast Container Terminal

Contract awarded for a second container terminal that will double the African state's capacity. The Ivory Coast Government has awarded a contract for the construction of a second container terminal at the port of Abidjan to a consortium of French companies Bollore, Bouygues and Danish group AP Moller-Maersk A/S. The project envisages the design, financing, construction, development, equipment and operation of the terminal, which will have a capacity to service 1.5 million twenty-foot equivalent containers (TEUs) annually. Source: GAC

31 Dec 2007

Panama Canal Requests Proposals For New Locks Construction

The Panama Canal Authority (ACP) released its Request for Proposal (RFP) Friday on the "design-build" contract for the new locks under the Canal's Expansion Program. Four global consortia will now move forward with their bids on what will be the largest and most important project under the $5.25b expansion. The Expansion Program will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, doubling capacity and allowing more traffic and longer, wider ships. The ACP will meet with consortia representatives in February 2008 regarding the content of the RFP for the construction of the new set of locks. Proposals are due August 2008.

05 Dec 2001

Stolt Offshore Reports Milestone Reached On Girassol Field

Stolt Offshore reported that, following the TotalFinaElf announcement of first oil production from the Girassol field, that a major milestone had been reached on this unique field development on which Stolt Offshore has been working for four years. The operator of the field is TotalFinaElf with a 40 percent interest. Other partners are Esso Exploration Angola (Block 17) Limited (20 percent), BP (16.67 percent), Statoil (13.3 percent) and Norsk Hydro (10 percent). Girassol is being developed under a production sharing agreement with Sonangol, the national oil company of Angola. Stolt Offshore has been involved in two parts of the development.

10 Dec 2001

Bouygues Offshore Logs New Contract

Technigaz, a wholly-owned subsidiary of Bouygues Offshore, will build a Liquefied Natural Gas (LNG) tank in Palos de Frontera, Spain under a contract awarded by ENAGAS. This contract, for a total amount of EUR 40 million (Bouygues Offshore's share: EUR 28 million) will be performed by a Joint-Venture of Technigaz (70%) and Initec (30%). The customer, ENAGAS, is the only LNG importer in Spain so far. This turnkey contract covers Engineering, Procurement, Construction and pre-commissioning of a full-containment storage tank for the extension of the LNG import terminal located in Huelva harbor on the Atlantic Ocean. The inner tank will be made of 9% nickel steel with perlite insulation to maintain the LNG at a temperature of -163(degree)C…

13 Sep 2000

Bouygues Shares Drop; Analysts Not Concerned

Shares in Bouygues Offshore fell more than three percent in early Wednesday trade after the French oil services firm posted a 42 percent fall in first half net profit to 18.6 million euros from 32.3 million. But analysts, not concerned by the slump in profits that was in line or better than expectations, said they remained positive on the stock amid signs that BOS' orders were picking up. They attributed the share price slide to a knee-jerk reaction from the market at seeing profits slump but said it was not serious given the stock had risen 91 percent since a year low of 35.10 euros hit on January 5. "The figures are not catastrophic…

21 Jun 2000

Bouygues Unit Tapped To Build LNG Facility

Bouygues Offshore’s SN Technigaz won a contract worth approximately $82 million in Spain. Bahia de Bizkaia Gaz (BBG) chose SN Technigaz to build a liquefied natural gas (LNG) import and regasification terminal in Bilbao, Spain. The BBG contract will be carried out via a joint venture between SN Technigaz, Initec and Sofregaz, it said. The total value of the tripartite contract is $204 million. BBG is a Spanish gas marketing company owned equally by BP Amoco, Repsol, Iberdrola and Ente Vasco de la Energia.

16 May 2002

Bouygues Offshore to Build Container Terminal

Bouygues Offshore and Bouygues Travaux Publics (a Bouygues Construction subsidiary) have signed a contract with Caucedo Investments Inc. to build a container terminal in the Dominican Republic. Located near from Santo Domingo, in the southwest region of the island, the facility will provide a depth of up to 15m to receive post-Panamax vessels. This contract is valued at approximately $136 million. The terminal scheduled for the end of 2003. The project scope of work includes engineering, procurement and construction.

30 Apr 2002

Bouygues Offshore Report First Quarter Results

Bouygues Offshore report consolidated net sales of $ 235.8 million in the first quarter of 2002, an increase of 8.1 percent over the prior-year period. This sustained growth reflected a high level of activity in the Offshore and Maritime and River Works segments and an upturn in the LNG market. New orders rose by 67 percent to $ 309.4 million over first-quarter 2001, driven by the coming into force of the Rhourde Ouled Djemma field development and construction contract in Algeria and the signature of an LNG contract. Bouygues Offshore thus confirms its presence and market leadership in Algeria, where it operates through its subsidiary BOS Sofresid Algerie, and in the high potential LNG market through Technigaz.

31 Jan 2002

Bouygues Offshore Wins $128M Contract in Algeria

Bouygues Offshore with Italy's Saipem has won a contract for an oilfield development project in Algeria. The contract, worth $128.5 million for Bouygues Offshore, was awarded after a public opening process by the Sonatrach / BHP Billiton partnership on behalf of Sonatrach / BHP Billiton / Agip. It covers the Rhourde Ouled Dejmma field and five satellite fields, all located in Berkine Basin, East of Hassi Messaoud. This contract covers the engineering, procurement and construction of the facilities designed, and will be completed within two years.